SANTA CRUZ - WATSONVILLE Mortgage Rates
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Santa Cruz - Watsonville averaged
3.14%
for the week of 2021-12-02, compared to the national average of
3.11% for the same period.
The average rate for the prior week (2021-11-24) was
3.03% and
one month ago for the week of 2021-10-28, the
average rate was 3.47%.
Santa Cruz - Watsonville's average rate one year ago was 2.65%.
For refis of the same type during the week of 2021-12-02, the average rate
was 3.23%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2021-12-02 | 3.11% |
| Santa Cruz - Watsonville 30 Year Fixed Rate | 2021-12-02 | 3.14% |
| Santa Cruz - Watsonville 30 Year Fixed Rate Refi | 2021-12-02 | 3.23% |
| Santa Cruz - Watsonville 15 Year Fixed Rate | 2021-12-02 | 2.69% |
| Santa Cruz - Watsonville 15 Year Fixed Rate Refi | 2021-12-02 | 2.24% |
| Santa Cruz - Watsonville 30 Year FHA | 2021-12-02 | 3.21% |
| Santa Cruz - Watsonville 30 Year FHA Refi | 2021-12-02 | 3.15% |
| Santa Cruz - Watsonville 30 Year USDA | 2021-12-02 | 2.82% |
| Santa Cruz - Watsonville 30 Year USDA Refi | 2021-12-02 | 3.75% |
| Santa Cruz - Watsonville 30 Year VA | 2021-12-02 | 3.01% |
| Santa Cruz - Watsonville 30 Year VA Refi | 2021-12-02 | 2.88% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within SANTA CRUZ-WATSONVILLE, CA.
SANTA CRUZ - WATSONVILLE Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the SANTA CRUZ-WATSONVILLE, CA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
SANTA CRUZ-WATSONVILLE, CA's 291 lenders originated 13,324
loans during 2020. The total origination value was $6,940,130,000, with an average loan value of
$520,874.
The top SANTA CRUZ - WATSONVILLE lender as defined by loan originations is QUICKEN LOANS, LLC, with
1,145 loans originated. Their average total fees are
$5,600, which is $78
higher than the next largest lender,
Flagstar Bank, FSB.
The lowest fee SANTA CRUZ - WATSONVILLE lenders (with over 10 loans originated) are
WINNPOINTE CORPORATION ($849), CHERRY CREEK MORTGAGE, LLC ($922), BAY ($1,111), IMPAC MORTGAGE CORP. ($1,171) and Strong Home Mortgage, LLC ($1,506).
The lowest rate SANTA CRUZ - WATSONVILLE lenders (with over 10 loans originated) are
AMERISAVE MORTGAGE CORPORATION (2.72%), Watermark Capital, Inc. (2.79%), North American Savings Bank, F.S.B. (2.81%), Charles Schwab Bank, SSB (2.83%) and WINNPOINTE CORPORATION (2.88%).
SANTA CRUZ-WATSONVILLE, CA Lender Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2019 Loan Value | 2020 Loan Value | % Change | 2020 Market Share |
|---|---|---|---|---|
| Quicken Loans | $296,015,000 | $827,220,000 | 179.5% | 11.9% |
| Flagstar Bank | $270,105,000 | $541,710,000 | 100.6% | 7.8% |
| United Shore Financial Services LLC | $225,455,000 | $390,605,000 | 73.3% | 5.6% |
| WELLS FARGO BANK NA | $341,570,000 | $357,385,000 | 4.6% | 5.1% |
| Mason-McDuffie Mortgage Corporation | $115,260,000 | $238,210,000 | 106.7% | 3.4% |
| JPMorgan Chase Bank, NA | $146,225,000 | $196,450,000 | 34.3% | 2.8% |
| US BANK, N.A. | $126,150,000 | $182,050,000 | 44.3% | 2.6% |
| KeyBank National Association | $152,365,000 | n/a | 2.2% | |
| Bank of America NA | $147,915,000 | $141,875,000 | -4.1% | 2.0% |
| loanDepot LLC | $68,130,000 | $140,990,000 | 106.9% | 2.0% |
| Mountain West Financial Inc. | $55,140,000 | $123,130,000 | 123.3% | 1.8% |
| Stearns Lending | $60,435,000 | $122,490,000 | 102.7% | 1.8% |
| Home Point Financial Corporation | $9,725,000 | $121,040,000 | 1,144.6% | 1.7% |
| Finance of America Mortgage LLC | $54,815,000 | $113,555,000 | 107.2% | 1.6% |
| American Pacific Mortgage Corporation | $46,950,000 | $109,170,000 | 132.5% | 1.6% |
| Citibank, N.A. | $22,320,000 | $91,390,000 | 309.5% | 1.3% |
| FIRST REPUBLIC BANK | $44,605,000 | $79,990,000 | 79.3% | 1.2% |
| Commerce Home Mortgage Inc. | $38,595,000 | $78,095,000 | 102.3% | 1.1% |
| Guaranteed Rate Inc. | $29,580,000 | $73,725,000 | 149.2% | 1.1% |
| Bay Equity LLC | $14,500,000 | $72,605,000 | 400.7% | 1.0% |
| Fremont Bank | $35,525,000 | $72,205,000 | 103.3% | 1.0% |
| Paramount Residential Mortgage Group Inc. | $28,440,000 | $70,425,000 | 147.6% | 1.0% |
| Academy Mortgage Corporation | $35,800,000 | $68,155,000 | 90.4% | 1.0% |
| Sierra Pacific Mortgage | $51,850,000 | $60,070,000 | 15.9% | 0.9% |
| Supreme Lending/ Everett Financial Inc. | $20,955,000 | $59,105,000 | 182.1% | 0.9% |
| On Q Financial Inc. | $30,100,000 | $48,980,000 | 62.7% | 0.7% |
| PENNYMAC LOAN SERVICES LLC | $13,160,000 | $48,245,000 | 266.6% | 0.7% |
| Guaranteed Rate Affinity LLC | $31,740,000 | $47,465,000 | 49.5% | 0.7% |
| Provident Funding Associates | $39,990,000 | $47,130,000 | 17.9% | 0.7% |
| Nationstar Mortgage | $18,025,000 | $46,360,000 | 157.2% | 0.7% |
| BANK OF THE WEST | $50,000,000 | $45,160,000 | -9.7% | 0.7% |
| Premier Mortgage Resources LLC | $43,465,000 | n/a | 0.6% | |
| Freedom Mortgage Corporation | $20,440,000 | $42,260,000 | 106.8% | 0.6% |
| Caliber Home Loans Inc | $24,475,000 | $41,815,000 | 70.8% | 0.6% |
| Star One Credit Union | $24,970,000 | $39,125,000 | 56.7% | 0.6% |
| Charles Schwab Bank | $22,850,000 | $36,790,000 | 61.0% | 0.5% |
| PNC BANK NA | $22,610,000 | $36,590,000 | 61.8% | 0.5% |
| Morgan Stanley Private Bank NA | $37,420,000 | $36,375,000 | -2.8% | 0.5% |
| MUFG Union Bank, NA | $65,465,000 | $36,315,000 | -44.5% | 0.5% |
| Amerisave Mortgage Corporation | $4,170,000 | $34,190,000 | 719.9% | 0.5% |
| First Foundation Bank | $1,045,000 | $32,955,000 | 3,053.6% | 0.5% |
| Better Mortgage Corporation | $6,545,000 | $32,705,000 | 399.7% | 0.5% |
| Summit Funding Inc. | $25,645,000 | $31,860,000 | 24.2% | 0.5% |
| The Golden 1 Credit Union | $4,800,000 | $29,570,000 | 516.0% | 0.4% |
| NEWREZ LLC | $9,885,000 | $28,920,000 | 192.6% | 0.4% |
| Midwest Equity Mortgage LLC | $4,620,000 | $27,870,000 | 503.2% | 0.4% |
| New American Funding (dba for Broker Solutions Inc) | $12,140,000 | $25,355,000 | 108.9% | 0.4% |
| COMERICA BANK | $27,165,000 | $25,205,000 | -7.2% | 0.4% |
| Planet Home Lending LLC | $9,130,000 | $23,505,000 | 157.4% | 0.3% |
| Guild Mortgage Company | $10,870,000 | $23,180,000 | 113.2% | 0.3% |
| FAIRWAY INDEPENDENT MORT CORP | $7,025,000 | $22,770,000 | 224.1% | 0.3% |
| Cardinal Financial Company LP | $8,795,000 | $22,005,000 | 150.2% | 0.3% |
| American Financial Network Inc. | $9,035,000 | $21,430,000 | 137.2% | 0.3% |
| Parkside Lending LLC | $1,945,000 | $21,335,000 | 996.9% | 0.3% |
| CMG Mortgage Inc. | $5,870,000 | $20,430,000 | 248.0% | 0.3% |
| Googain Inc. | $2,030,000 | $20,210,000 | 895.6% | 0.3% |
| LendUS LLC dba RPM Mortgage | $9,590,000 | $20,010,000 | 108.7% | 0.3% |
| Synergy One Lending | $18,300,000 | $20,005,000 | 9.3% | 0.3% |
| Network Capital Funding Corporation | $2,225,000 | $19,230,000 | 764.3% | 0.3% |
| Sea West Coast Guard Federal Credit Union | $8,390,000 | $18,785,000 | 123.9% | 0.3% |
| Interactive Mortgage | $3,360,000 | $18,450,000 | 449.1% | 0.3% |
| UBS Bank USA | $14,490,000 | $17,940,000 | 23.8% | 0.3% |
| HighTechLending Inc. | $5,700,000 | $16,505,000 | 189.6% | 0.2% |
| Jones Lang LaSalle Multifamily | $16,505,000 | n/a | 0.2% | |
| General Mortgage Capital Corporation | $3,555,000 | $15,900,000 | 347.3% | 0.2% |
| PRIMELENDING | $14,455,000 | $15,455,000 | 6.9% | 0.2% |
| Patelco Credit Union | $9,270,000 | $15,315,000 | 65.2% | 0.2% |
| Provident Credit Union | $6,775,000 | $15,165,000 | 123.8% | 0.2% |
| HomeBridge Financial Services, Inc. | $12,055,000 | $15,110,000 | 25.3% | 0.2% |
| Stanford Federal Credit Union | $7,455,000 | $14,340,000 | 92.4% | 0.2% |
| Ladera Lending, Inc. | $2,830,000 | $14,315,000 | 405.8% | 0.2% |
| Watermark Home Loans | $1,645,000 | $14,080,000 | 755.9% | 0.2% |
| Greystone Servicing Corporation, Inc. | $14,055,000 | n/a | 0.2% | |
| Essex Mortgage | $8,825,000 | $12,800,000 | 45.0% | 0.2% |
| Finance of America Reverse LLC | $14,050,000 | $12,595,000 | -10.4% | 0.2% |
| JMAC Lending Incorporated | $13,410,000 | $12,375,000 | -7.7% | 0.2% |
| RED MORTGAGE CAPITAL, LLC | $12,315,000 | n/a | 0.2% | |
| A&D Mortgage LLC | $11,595,000 | n/a | 0.2% | |
| Prosperity Home Mortgage LLC | $1,170,000 | $11,425,000 | 876.5% | 0.2% |
| Cherry Creek Mortgage Co. Inc. | $3,735,000 | $11,400,000 | 205.2% | 0.2% |
| First Technology Credit Union | $3,965,000 | $11,350,000 | 186.3% | 0.2% |
| Bellwether Enterprise Real Estate Capital LLC | $10,910,000 | n/a | 0.2% | |
| OGI Mortgage Bankers | $4,075,000 | $10,780,000 | 164.5% | 0.2% |
| Impac Mortgage Corp. dba CashCall Mortgage | $20,280,000 | $10,575,000 | -47.9% | 0.2% |
| USAA FEDERAL SAVINGS BANK | $7,945,000 | $10,380,000 | 30.6% | 0.1% |
| Meriwest Mortgage Co. LLC | $3,790,000 | $10,340,000 | 172.8% | 0.1% |
| Axos Bank | $3,260,000 | $10,200,000 | 212.9% | 0.1% |
| BANK OF STOCKTON | $9,905,000 | n/a | 0.1% | |
| Premier Lending Inc. | $2,110,000 | $9,735,000 | 361.4% | 0.1% |
| Mortgage Research Center LLC | $6,100,000 | $8,755,000 | 43.5% | 0.1% |
| NBKC Bank | $5,825,000 | $8,735,000 | 50.0% | 0.1% |
| First Savings Bank | $1,155,000 | $8,630,000 | 647.2% | 0.1% |
| AAG | $5,585,000 | $8,590,000 | 53.8% | 0.1% |
| TCF National Bank | $11,315,000 | $8,315,000 | -26.5% | 0.1% |
| Capital One, NA | $2,755,000 | $8,210,000 | 198.0% | 0.1% |
| CIT BANK N.A. | $3,150,000 | $8,140,000 | 158.4% | 0.1% |
| Silicon Valley Bank | $3,740,000 | $7,970,000 | 113.1% | 0.1% |
| AimLoan.com | $3,990,000 | $7,935,000 | 98.9% | 0.1% |
| Draper and Kramer Mortgage Corp. | $7,715,000 | n/a | 0.1% | |
| AmWest Funding Corp. | $6,000,000 | $7,700,000 | 28.3% | 0.1% |
| NAVY FEDERAL CREDIT UNION | $9,600,000 | $7,550,000 | -21.4% | 0.1% |
| The Federal Savings Bank | $355,000 | $7,545,000 | 2,025.4% | 0.1% |
| Technology Credit Union | $7,265,000 | $7,240,000 | -0.3% | 0.1% |
| Private Mortgage Advisors, LLC | $2,390,000 | $7,155,000 | 199.4% | 0.1% |
| Land Home Financial Services Inc. | $2,660,000 | $7,060,000 | 165.4% | 0.1% |
| CARRINGTON MORTGAGE SERVICES | $3,515,000 | $6,760,000 | 92.3% | 0.1% |
| Michigan Mutual, Inc. DBA MiMutual Mortgage | $13,570,000 | $6,745,000 | -50.3% | 0.1% |
| TIAA, FSB | $13,795,000 | $6,730,000 | -51.2% | 0.1% |
| Northpointe Bank | $1,195,000 | $6,590,000 | 451.5% | 0.1% |
| North American Savings Bank | $1,410,000 | $6,560,000 | 365.2% | 0.1% |
| Geneva Financial LLC | $1,220,000 | $6,545,000 | 436.5% | 0.1% |
| Lakeview Loan Servicing, LLC | $3,610,000 | $6,475,000 | 79.4% | 0.1% |
| COMPASS BANK | $3,685,000 | $6,390,000 | 73.4% | 0.1% |
| Pacific Service Credit Union | $1,570,000 | $6,180,000 | 293.6% | 0.1% |
| BNC NATIONAL BANK | $445,000 | $5,845,000 | 1,213.5% | 0.1% |
| Sun West Mortgage Company Inc. | $1,580,000 | $5,800,000 | 267.1% | 0.1% |
| BOKF NA | $2,510,000 | $5,790,000 | 130.7% | 0.1% |
| City National Bank | $600,000 | $5,765,000 | 860.8% | 0.1% |
| MOVEMENT MORTGAGE, LLC | $1,180,000 | $5,630,000 | 377.1% | 0.1% |
| Golden Empire Mortgage, Inc. | $5,590,000 | n/a | 0.1% | |
| FirstBank | $1,505,000 | $5,395,000 | 258.5% | 0.1% |
| Envoy Mortgage Ltd. | $1,755,000 | $5,355,000 | 205.1% | 0.1% |
| Umpqua Bank | $7,015,000 | $5,290,000 | -24.6% | 0.1% |
| Nexera Holding LLC | $3,395,000 | $5,275,000 | 55.4% | 0.1% |
| Angel Oak Mortgage Solutions | $1,155,000 | $5,245,000 | 354.1% | 0.1% |
| Ark-La-Tex Financial Services LLC | $855,000 | $5,165,000 | 504.1% | 0.1% |
| Alliant Credit Union | $4,295,000 | $5,075,000 | 18.2% | 0.1% |
| First Guaranty Mortgage Corporation | $635,000 | $4,935,000 | 677.2% | 0.1% |
| Dignified Home Loans, LLC | $1,545,000 | $4,895,000 | 216.8% | 0.1% |
| San Francisco Fire Credit Union | $950,000 | $4,890,000 | 414.7% | 0.1% |
| Ethos Lending LLC | $1,925,000 | $4,815,000 | 150.1% | 0.1% |
| Sovereign Lending Group, Inc | $4,720,000 | n/a | 0.1% | |
| SoFi Lending Corp | $1,140,000 | $4,660,000 | 308.8% | 0.1% |
| Plaza Home Mortgage Inc. | $2,490,000 | $4,650,000 | 86.7% | 0.1% |
| Goldman Sachs Bank USA | $2,760,000 | $4,480,000 | 62.3% | 0.1% |
| Cf Bank National Association | $970,000 | $4,455,000 | 359.3% | 0.1% |
| KeyPoint Credit Union | $4,480,000 | $4,365,000 | -2.6% | 0.1% |
| LUTHER BURBANK SAVINGS | $4,345,000 | $4,280,000 | -1.5% | 0.1% |
| PHH MORTGAGE CORPORATION | $4,280,000 | n/a | 0.1% | |
| OCMBC Inc. | $1,240,000 | $4,230,000 | 241.1% | 0.1% |
| NMSI Inc | $4,195,000 | n/a | 0.1% | |
| FBC Mortgage LLC | $495,000 | $4,035,000 | 715.2% | 0.1% |
| Pentagon Federal Credit Union | $2,620,000 | $3,995,000 | 52.5% | 0.1% |
| BM REAL ESTATE SERVICES, INC. | $710,000 | $3,975,000 | 459.9% | 0.1% |
| Amerifirst Financial Inc. | $3,050,000 | $3,910,000 | 28.2% | 0.1% |
| NewDay Financial LLC dba NewDay USA | $3,900,000 | n/a | 0.1% | |
| Primary Residential Mortgage Inc. | $740,000 | $3,870,000 | 423.0% | 0.1% |
| WALKER & DUNLOP, LLC | $3,705,000 | n/a | 0.1% | |
| Mortgage Lenders of America LLC | $3,685,000 | n/a | 0.1% | |
| Citadel Servicing Corporation | $4,275,000 | $3,540,000 | -17.2% | 0.1% |
| Village Capital & Investment | $1,615,000 | $3,420,000 | 111.8% | 0.0% |
| Bay Valley Mortgage Group DBA Pacific Bay Lending Group | $1,715,000 | $3,400,000 | 98.3% | 0.0% |
| Prime Choice Funding, Inc. | $3,360,000 | n/a | 0.0% | |
| Nations Direct Mortgage LLC | $1,870,000 | $3,340,000 | 78.6% | 0.0% |
| Wyndham Capital Mortgage | $1,635,000 | $3,300,000 | 101.8% | 0.0% |
| Barrington Bank & Trust | $2,380,000 | $3,235,000 | 35.9% | 0.0% |
| WEI Mortgage LLC | $485,000 | $3,065,000 | 532.0% | 0.0% |
| Churchill Mortgage Corporation | $3,045,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $285,000 | $3,035,000 | 964.9% | 0.0% |
| Mechanics Bank | $4,175,000 | $2,995,000 | -28.3% | 0.0% |
| Open Mortgage LLC | $475,000 | $2,985,000 | 528.4% | 0.0% |
| CATHAY BANK | $2,900,000 | n/a | 0.0% | |
| Alameda Mortgage Corporation | $2,820,000 | n/a | 0.0% | |
| Reverse Mortgage Funding LLC | $6,010,000 | $2,820,000 | -53.1% | 0.0% |
| SnapFi, Inc. | $375,000 | $2,810,000 | 649.3% | 0.0% |
| Branch Banking And Trust Co | $655,000 | $2,720,000 | 315.3% | 0.0% |
| LoanPal | $4,490,000 | $2,700,000 | -39.9% | 0.0% |
| AmeriHomeMortgageCompany,LL | $2,680,000 | n/a | 0.0% | |
| HSBC BANK USA, NA | $4,990,000 | $2,630,000 | -47.3% | 0.0% |
| Alaska USA Federal Credit Union | $2,485,000 | n/a | 0.0% | |
| Nations Lending Corporation | $2,200,000 | $2,485,000 | 13.0% | 0.0% |
| Meriwest Credit Union | $1,640,000 | $2,425,000 | 47.9% | 0.0% |
| Third Federal Savings and Loan | $4,235,000 | $2,390,000 | -43.6% | 0.0% |
| First Mortgage Solutions LLC | $1,325,000 | $2,385,000 | 80.0% | 0.0% |
| Hometown Equity Mortgage LLC | $905,000 | $2,385,000 | 163.5% | 0.0% |
| Intercontinental Capital Group, Inc. | $555,000 | $2,380,000 | 328.8% | 0.0% |
| The Northern Trust Company | $2,365,000 | n/a | 0.0% | |
| Florida Capital Bank National Association | $2,320,000 | n/a | 0.0% | |
| Kwik Mortgage Corp. | $2,275,000 | n/a | 0.0% | |
| First Internet Bank | $455,000 | $2,205,000 | 384.6% | 0.0% |
| LenderFi, Inc. | $3,660,000 | $2,195,000 | -40.0% | 0.0% |
| LoanSnap Inc | $1,435,000 | $2,185,000 | 52.3% | 0.0% |
| Merchants Bank of Indiana | $2,125,000 | n/a | 0.0% | |
| AMERIS BANK | $1,295,000 | $2,090,000 | 61.4% | 0.0% |
| Evolve Bank & Trust | $2,055,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $1,050,000 | $2,030,000 | 93.3% | 0.0% |
| Raymond James Bank National Association | $2,020,000 | n/a | 0.0% | |
| Opus Bank | $2,005,000 | n/a | 0.0% | |
| Santa Clara County Federal Credit Union | $3,265,000 | $1,990,000 | -39.1% | 0.0% |
| Toyota Financial Savings Bank | $1,855,000 | $1,985,000 | 7.0% | 0.0% |
| Lenox Financial Mortgage Corp. | $435,000 | $1,940,000 | 346.0% | 0.0% |
| Goldwater Bank National Association | $1,925,000 | n/a | 0.0% | |
| Cstone Mortgage Inc | $1,880,000 | n/a | 0.0% | |
| Evergreen Moneysource Mortgage Company | $345,000 | $1,875,000 | 443.5% | 0.0% |
| Keller Mortgage LLC | $1,830,000 | n/a | 0.0% | |
| Firefighters First Credit Union | $135,000 | $1,810,000 | 1,240.7% | 0.0% |
| Home First Mortgage Bankers | $870,000 | $1,800,000 | 106.9% | 0.0% |
| METROPOLITAN HOME MORTGAGE | $1,785,000 | n/a | 0.0% | |
| NationsChoice Mortgage | $1,770,000 | n/a | 0.0% | |
| Mortgage Capital Partners Inc | $1,740,000 | n/a | 0.0% | |
| Val-Chris Investments Inc | $1,730,000 | n/a | 0.0% | |
| First Choice Loan Services Inc. | $3,090,000 | $1,715,000 | -44.5% | 0.0% |
| Homestead Funding Corp. | $415,000 | $1,710,000 | 312.0% | 0.0% |
| American Financing Corporation | $450,000 | $1,630,000 | 262.2% | 0.0% |
| Star Financial | $1,605,000 | n/a | 0.0% | |
| KS StateBank | $1,185,000 | $1,580,000 | 33.3% | 0.0% |
| Connexus Credit Union | $355,000 | $1,565,000 | 340.8% | 0.0% |
| CBNA | $710,000 | $1,560,000 | 119.7% | 0.0% |
| JMJ Financial Group Inc. | $1,690,000 | $1,500,000 | -11.2% | 0.0% |
| Bank of England | $2,320,000 | $1,485,000 | -36.0% | 0.0% |
| First Western Trust Bank | $1,370,000 | $1,465,000 | 6.9% | 0.0% |
| S.F. Police Credit Union | $1,465,000 | n/a | 0.0% | |
| Towne Mortgage Company | $1,455,000 | n/a | 0.0% | |
| UMB BANK NA | $1,455,000 | n/a | 0.0% | |
| Mackillie Inc | $1,580,000 | $1,430,000 | -9.5% | 0.0% |
| First Centennial Mortgage Corp. | $1,380,000 | $1,415,000 | 2.5% | 0.0% |
| Calculated Risk Analytics LLC dba Excelerate Capital | $2,995,000 | $1,405,000 | -53.1% | 0.0% |
| The First State Bank | $1,365,000 | $1,380,000 | 1.1% | 0.0% |
| Tri-Emerald Financial Group Inc. | $365,000 | $1,375,000 | 276.7% | 0.0% |
| Washington Trust Bank | $1,340,000 | n/a | 0.0% | |
| CalCon Mutual Mortgage LLC | $1,300,000 | n/a | 0.0% | |
| Xceed Financial Credit Union | $1,300,000 | n/a | 0.0% | |
| San Mateo Credit Union | $785,000 | $1,295,000 | 65.0% | 0.0% |
| All Reverse Mortgage Inc | $1,285,000 | n/a | 0.0% | |
| Summit mortgage Bankers, Inc. | $1,285,000 | n/a | 0.0% | |
| Coast 2 Coast Funding Group Inc. | $1,280,000 | n/a | 0.0% | |
| Homeowners Financial Group | $535,000 | $1,280,000 | 139.3% | 0.0% |
| ARVEST BANK | $1,755,000 | $1,245,000 | -29.1% | 0.0% |
| Advancial Federal Credit Union | $950,000 | $1,230,000 | 29.5% | 0.0% |
| SWBC Mortgage Corporation | $1,230,000 | n/a | 0.0% | |
| Community West Bank NA | $1,185,000 | $1,225,000 | 3.4% | 0.0% |
| Low VA Rates | $325,000 | $1,225,000 | 276.9% | 0.0% |
| Pivotal Capital Group II LLC | $705,000 | $1,220,000 | 73.0% | 0.0% |
| TRI COUNTIES BANK | $1,210,000 | n/a | 0.0% | |
| Lantzman Lending | $1,205,000 | n/a | 0.0% | |
| Liberty Home Equity Solutions, Inc. | $905,000 | $1,205,000 | 33.1% | 0.0% |
| One Reverse Mortgage, LLC | $1,395,000 | $1,190,000 | -14.7% | 0.0% |
| 5th Street Capital, Inc. | $2,225,000 | $1,165,000 | -47.6% | 0.0% |
| LIMA ONE CAPITAL, LLC | $1,165,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $6,310,000 | $1,160,000 | -81.6% | 0.0% |
| UNIFY Financial Credit Union | $455,000 | $1,155,000 | 153.8% | 0.0% |
| Financail Funding Solutions, Inc | $1,150,000 | n/a | 0.0% | |
| Boston Private Bank & Trust Company | $465,000 | $1,145,000 | 146.2% | 0.0% |
| Amalgamated Bank | $1,310,000 | $1,140,000 | -13.0% | 0.0% |
| BNB Financial Inc | $1,120,000 | n/a | 0.0% | |
| TJC Mortgage, Inc. | $1,110,000 | n/a | 0.0% | |
| Summit Mortgage Corporation | $1,290,000 | $1,105,000 | -14.3% | 0.0% |
| Equity Prime Mortgage LLC | $1,100,000 | n/a | 0.0% | |
| Athas Capital Group | $1,845,000 | $1,090,000 | -40.9% | 0.0% |
| Clearpath Lending | $1,485,000 | $1,080,000 | -27.3% | 0.0% |
| Servion, Inc. | $1,060,000 | n/a | 0.0% | |
| Sterling Bank and Trust, FSB | $155,000 | $1,035,000 | 567.7% | 0.0% |
| Murphy Bank | $2,235,000 | $1,020,000 | -54.4% | 0.0% |
| PremierOne Credit Union | $1,605,000 | $1,015,000 | -36.8% | 0.0% |
| AKT American Capital Inc | $1,315,000 | $1,010,000 | -23.2% | 0.0% |
| Credit Human Federal Credit Union | $1,280,000 | $1,005,000 | -21.5% | 0.0% |
| ZB, N.A. | $2,825,000 | $1,005,000 | -64.4% | 0.0% |
| Fifth Third Bank | $1,000,000 | n/a | 0.0% | |
| Magnolia Bank Incorporated | $995,000 | n/a | 0.0% | |
| LendSure Mortgage Corp | $980,000 | n/a | 0.0% | |
| Embrace Home Loans, Inc. | $1,245,000 | $970,000 | -22.1% | 0.0% |
| FJM Private Mortgage Fund, LLC | $955,000 | n/a | 0.0% | |
| CAPITAL BANK, NA | $950,000 | n/a | 0.0% | |
| Farmers Bank & Trust | $950,000 | n/a | 0.0% | |
| 21ST MORTGAGE | $1,670,000 | $940,000 | -43.7% | 0.0% |
| Semper Home Loans, Inc | $940,000 | n/a | 0.0% | |
| Alterra Group LLC dba Alterra Home Loans | $920,000 | n/a | 0.0% | |
| SchoolsFirst Federal Credit Union | $1,270,000 | $905,000 | -28.7% | 0.0% |
| 1st Reliant Home Loans, Inc | $785,000 | $900,000 | 14.6% | 0.0% |
| Quorum Federal Credit Union | $900,000 | n/a | 0.0% | |
| Chevron Federal Credit Union | $1,560,000 | $870,000 | -44.2% | 0.0% |
| Gold Star Mortgage Financial Group, Corporation | $870,000 | n/a | 0.0% | |
| Mid America Mortgage Inc. | $225,000 | $870,000 | 286.7% | 0.0% |
| Pike Creek Mortgage Services, Inc. | $870,000 | n/a | 0.0% | |
| Mid Valley Services Inc | $860,000 | n/a | 0.0% | |
| VANDERBILT MORTGAGE AND FINANCE, INC | $435,000 | $860,000 | 97.7% | 0.0% |
| Alliance Credit Union | $1,145,000 | $855,000 | -25.3% | 0.0% |
| Longbridge Financial, LLC | $850,000 | n/a | 0.0% | |
| United Mortgage Corp | $850,000 | $840,000 | -1.2% | 0.0% |
| Performance Financial, Inc. | $825,000 | n/a | 0.0% | |
| Nudge Funding LLC | $800,000 | n/a | 0.0% | |
| Triad Financial Services Inc | $490,000 | $790,000 | 61.2% | 0.0% |
| Orange County's Credit Union | $785,000 | n/a | 0.0% | |
| Absolute Home Mortgage Corporation | $780,000 | n/a | 0.0% | |
| Civic Financial Services | $570,000 | $780,000 | 36.8% | 0.0% |
| Primus Lending Corp | $775,000 | n/a | 0.0% | |
| Augusta Financial Inc. | $1,480,000 | $765,000 | -48.3% | 0.0% |
| NFM, Inc. | $765,000 | n/a | 0.0% | |
| Mortgage Solutions of Colorado LLC | $760,000 | n/a | 0.0% | |
| Redwood Trust Inc | $3,315,000 | $755,000 | -77.2% | 0.0% |
| Customer Service Mortgage Corporation | $750,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $745,000 | n/a | 0.0% | |
| HomeStreet Bank | $155,000 | $745,000 | 380.6% | 0.0% |
| Travis Credit Union | $1,485,000 | $745,000 | -49.8% | 0.0% |
| Scenic Oaks Funding | $725,000 | n/a | 0.0% | |
| KD Capital Mortgage Corp. | $720,000 | n/a | 0.0% | |
| American Neighborhood Mortgage dba AnnieMac Home Mortgage | $375,000 | $710,000 | 89.3% | 0.0% |
| Luxury Mortgage Corp. | $705,000 | n/a | 0.0% | |
| Caltech Employees Federal Credit Union | $685,000 | n/a | 0.0% | |
| Consumers Credit Union | $660,000 | n/a | 0.0% | |
| Homeside Financial LLC | $435,000 | $650,000 | 49.4% | 0.0% |
| Vision One Mortgage | $645,000 | n/a | 0.0% | |
| Peoples Mortgage Company | $640,000 | n/a | 0.0% | |
| Geo-Corp, Inc. | $635,000 | n/a | 0.0% | |
| Safeamerica Credit Union | $635,000 | n/a | 0.0% | |
| Discover Bank | $1,265,000 | $625,000 | -50.6% | 0.0% |
| Franklin Loan Center | $505,000 | $625,000 | 23.8% | 0.0% |
| Grande Homes Inc | $625,000 | n/a | 0.0% | |
| Country Club Mortgage, Inc. | $615,000 | n/a | 0.0% | |
| iServe Residential Lending LLC | $615,000 | $615,000 | 0.0% | 0.0% |
| Weichert Financial Services | $615,000 | n/a | 0.0% | |
| Farmers and Merchants Bank | $605,000 | n/a | 0.0% | |
| Banner Bank | $585,000 | n/a | 0.0% | |
| United Nations Federal Credit Union | $585,000 | n/a | 0.0% | |
| V.I.P. Mortgage Inc. | $585,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $45,000 | $575,000 | 1,177.8% | 0.0% |
| Northwest Farm Credit Services, FLCA | $575,000 | n/a | 0.0% | |
| Great Lakes Credit Union | $95,000 | $565,000 | 494.7% | 0.0% |
| Polam Federal Credit Union | $565,000 | n/a | 0.0% | |
| Justice Federal Credit Union | $560,000 | n/a | 0.0% | |
| Sunflower Bank, N.A. | $555,000 | n/a | 0.0% | |
| M&T Bank | $545,000 | n/a | 0.0% | |
| Operating Engineers Federal Credit Union | $1,010,000 | $545,000 | -46.0% | 0.0% |
| Del Sur Corp DBA: Camino Real Mortgage Bankers | $535,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $335,000 | $535,000 | 59.7% | 0.0% |
| Columbia State Bank | $515,000 | n/a | 0.0% | |
| DAS Acquisition Company, LLC | $515,000 | n/a | 0.0% | |
| Financial Partners Credit Union | $515,000 | n/a | 0.0% | |
| KBHS Home Loans, LLC | $515,000 | n/a | 0.0% | |
| United Northern Mortgage Bankers Limited | $515,000 | n/a | 0.0% | |
| Advantis Credit Union | $510,000 | n/a | 0.0% | |
| ANGEL OAK HOME LOANS LLC | $505,000 | n/a | 0.0% | |
| The First Financial Federal Credit Union | $505,000 | n/a | 0.0% | |
| SAFE Credit Union | $495,000 | n/a | 0.0% | |
| Wall Street Mortgage Bankers LTD | $495,000 | n/a | 0.0% | |
| UIF Corporation | $485,000 | n/a | 0.0% | |
| USE Credit Union | $355,000 | $480,000 | 35.2% | 0.0% |
| American Financial Resources Inc. | $850,000 | $475,000 | -44.1% | 0.0% |
| E Mortgage Management LLC | $475,000 | n/a | 0.0% | |
| HomeTrust Bank | $215,000 | $475,000 | 120.9% | 0.0% |
| Meridian Bank | $435,000 | n/a | 0.0% | |
| FIRST NATIONAL BANK OF OMAHA | $425,000 | n/a | 0.0% | |
| Coastal Funding SLC Inc. | $425,000 | $415,000 | -2.4% | 0.0% |
| Mid-Continent Funding, Inc. | $725,000 | $415,000 | -42.8% | 0.0% |
| Logix Federal Credit Union | $410,000 | n/a | 0.0% | |
| Nations Reliable Lending, LLC | $405,000 | n/a | 0.0% | |
| PEOPLE'S INTERMOUNTAIN BANK | $405,000 | n/a | 0.0% | |
| Citywide Home Loans A Utah Corporation | $1,405,000 | $395,000 | -71.9% | 0.0% |
| Paramount Bank | $395,000 | n/a | 0.0% | |
| Residential Wholesale Mortgage | $1,140,000 | $395,000 | -65.4% | 0.0% |
| Texana Bank, N.A. | $385,000 | n/a | 0.0% | |
| Digital Federal Credit Union | $380,000 | n/a | 0.0% | |
| EXCHANGE BANK | $375,000 | n/a | 0.0% | |
| Crestline Funding Corporation | $335,000 | n/a | 0.0% | |
| KINECTA FEDERAL CREDIT UNION | $470,000 | $330,000 | -29.8% | 0.0% |
| Citizens Equity First Credit Union (CEFCU) | $1,630,000 | $305,000 | -81.3% | 0.0% |
| Fay Servicing LLC | $665,000 | $305,000 | -54.1% | 0.0% |
| MLD Mortgage Inc. | $295,000 | n/a | 0.0% | |
| LBS Financial Credit Union | $285,000 | n/a | 0.0% | |
| Capstone Direct Inc. | $245,000 | n/a | 0.0% | |
| DIRECT MORTGAGE CORP | $225,000 | n/a | 0.0% | |
| Royal United Mortgage LLC | $220,000 | n/a | 0.0% | |
| BELL BANK | $155,000 | n/a | 0.0% | |
| Redwood Credit Union | $1,430,000 | $140,000 | -90.2% | 0.0% |
| Monterey Credit Union | $55,000 | $115,000 | 109.1% | 0.0% |
| Service Credit Union | $115,000 | n/a | 0.0% | |
| California Credit Union | $105,000 | n/a | 0.0% | |
| State Farm Bank | $105,000 | $75,000 | -28.6% | 0.0% |
SANTA CRUZ - WATSONVILLE's top lender by overall market share is Quicken Loans, with 11.9% market share. In second place, with 7.8%, is Flagstar Bank, having originated $541,710,000 in loans. In third place, with 5.6%, is United Shore Financial Services LLC, having originated $390,605,000 in loans. In third place, with 5.1%, is WELLS FARGO BANK NA, having originated $357,385,000 in loans. In third place, with 3.4%, is Mason-McDuffie Mortgage Corporation, having originated $238,210,000 in loans.
SANTA CRUZ-WATSONVILLE, CA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Refi | 7,697 | $3,805,045,000 | $494,354 |
| Cash Out Refi | 2,643 | $1,251,725,000 | $473,600 |
| Home Purchase | 2,168 | $1,628,780,000 | $751,282 |
| Home Improvement | 449 | $124,835,000 | $278,029 |
| Other | 367 | $129,745,000 | $353,529 |
Santa Cruz - Watsonville's most frequently cited loan purpose was Refi, with 7,697 originations. The 2nd most popular reason was Cash Out Refi, with 2,643 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 5,897 | $3,284,785,000 | $557,026 |
| 2.5-3% | 5,277 | $2,686,335,000 | $509,065 |
| <2.5% | 1,296 | $605,890,000 | $467,508 |
| 4-5% | 565 | $225,325,000 | $398,805 |
| 5-6% | 158 | $43,970,000 | $278,291 |
| 6-7% | 56 | $19,180,000 | $342,500 |
| Over 8% | 22 | $9,440,000 | $429,091 |
| 7-8% | 16 | $5,600,000 | $350,000 |
During 2020, Santa Cruz - Watsonville's most frequently originated rate bucket was 3-4%, with 5,897 originations.
Loan Sizing (SANTA CRUZ-WATSONVILLE, CA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $400k-600k | 4,833 | $2,382,715,000 | $493,010 |
| $200k-400k | 3,796 | $1,182,650,000 | $311,552 |
| $600k-1000k | 3,151 | $2,263,165,000 | $718,237 |
| $100k-200k | 757 | $112,275,000 | $148,316 |
| $Over $1MM | 517 | $982,055,000 | $1,899,526 |
| $100,000 or less | 270 | $17,270,000 | $63,963 |
SANTA CRUZ - WATSONVILLE's loan sizing saw the bucket of loans from $400k-600k with 4,833 originations, totaling $2,382,715,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 40-60% | 4,535 | $2,247,355,000 | $495,558 |
| 60-80% | 3,868 | $2,654,450,000 | $686,259 |
| 20-40% | 2,435 | $873,305,000 | $358,647 |
| 80-100% | 1,338 | $889,390,000 | $664,716 |
| Under 20% | 925 | $152,315,000 | $164,665 |
| Over 100% | 18 | $15,850,000 | $880,556 |
SANTA CRUZ - WATSONVILLE's loan sizing saw loans grouped in the 40-60% Loan-to-value bucket with 4,535 originations, totaling $2,247,355,000 in origination value.